If you want to be more flexible with your mortgage repayments, you may want to choose this kind of mortgage. Virgin Money is currently working with One Account for that. There are a lot of ways on how you can reduce your loan costs. These include opening one account for both your salary and savings. Any amount that you are going to place there will be automatically deducted to your mortgage. This way, you can reduce your interest rates immediately. There is also no need for you to continuously monitor your mortgage repayments. You just need to deposit, and everything is already taken care of for you.

Personal Loan. Virgin Money works with Your Personal Loan to ensure that you can avail of a low APR loan. This is also an unsecured loan, which means you do not need to offer any collateral just to get your loan approved. The APR rate is at 7.8 percent, which is one of the lowest in the market these days. It will also be the same rate applied whether you are borrowing £5,000 or £25,000. You can also have more flexibility as to how long you want to repay your Virgin loans. You can have it in a year’s time or as long as 7 years. The processing of your application is very fast. This way, you will be able to use the funds immediately for your needs. The application form is right at their website.

Secured Loans. You can also get secured loans where you can avail of longer payment terms. In fact, the loan is payable for more than 25 years. The amount of cash that you can obtain is also very huge, as high as £100,000. All you need to do is to present anything that will act as your collateral. If you have built equity in your home, you can use your security for a secured personal loan. Annual percentage rates can also be between 7.3 and 17.1 percent. Normally, though, you will only get to pay 10.1 percent or even less than that.